7. Stratch 'n dents = great discounts.
Ask about overstocks, cancelled orders or scratch & dent items when looking for office supplies or equipment. You’d be surprised at the deals you may be able to negotiate with a supplier who would love to offload this type of stock instead of warehousing it or writing it off as a loss.
8. Miles, points or cash?
Before signing up for a business credit card, do your homework and think about your company’s overall needs. For example, if your business normally pays card balances in full each month, then you may wish to pay less attention to the interest rate and more attention to the rewards program. Would earned sky miles offset a large travel expense? Or are cash back rewards a better way to fund other company needs? Determining how to make your business credit card do more can give your bottom line a real boost.
9. Understand the value of money.
Unless your suppliers and creditors offer incentives for early payment, it’s in your best financial interest to pay your bills as late as possible (without incurring late fees of course). Every day that every dollar stays in YOUR bank account means interest earned.
10. Consider a four-day work week.
Summertime is a great time to transition from a five-day to a four-day schedule. Longer summer hours make it easier to handle a longer day/shorter week scenario, and it’s the perfect time of year to enjoy three-day weekends!